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This linked with a death tax as proposed by Warren Buffet and Bill Gates Senior , and a Citizens Wage , would I believe set the world into a totally new direction , whilst retaining a competitive Capitalist and more Democratic society that is more ...

Windsor was an estate tax case and where we will see the biggest economic change is when same sex couples go to file their income taxes. Looking strictly from an economic viewpoint, is it a good idea for a same sex couple to get married?

Take the repeal of the estate tax. In Ohio this was recently repealed by Republicans. The benefit is only realized by people with estates larger than $338,000 (as the first $338k was exempt) and realized most by people with even wealthier ...

Doing so places the real estate beyond the reach of your creditors and may also reduce your estate tax liability. The disadvantage of this strategy, however, is that you'll lose all economic interest in and control over the real estate. Further ...

Inheritance tax in many jurisdictions outside of Ireland is an Estate tax i.e. the Estate of the Deceased person pays the tax and often the beneficiary has little more to do than wait for their cheque to arrive in the post. In Ireland, however, it is the ...

In the struggle over priorities, it appears that estate tax relief has hit another road block.

President Obama on Tuesday pressed congress to pass a small business relief bill. The President stated, "This legislation should ensure that credit-worthy small businesses owners can get the capital they need to expand and create jobs. It should include needed tax relief, like our proposal to completely eliminate capital gains taxes for those making key long-term investments in small businesses."

While a small business bill had made progress in the House, its future in the Senate has been tied to an agreement on the estate tax. With the break down in negotiation on the estate tax and no other deal in sight, estate tax relief may have to be delinked from the small business relief bill. The President has characterized the small business relief bill as a jobs creation bill. By doing so, he has made it a priority in order to sustain the economic recovery.

This is another example of the difficulty in advancing an estate tax relief bill within the current political / economic environment. As we approach the middle of the year the likely hood of seeing a compromise seems less and less likely.

Estate Tax in the News

Trump-GOP tax plan: The estate tax may soon disappearFox BusinessSince the start of his administration, Trump has been considering moving forward with eliminating the estate tax – also known in Republican circles as the “death tax” – and according to those familiar with the matter, his request could be granted as ...

Increases to Gift and Estate Tax Exclusions Projected for 2018The National Law ReviewIncreases to the annual gift tax exclusion, and the U.S. estate tax, gift tax, and generation-skipping transfer tax (GST) exemptions are projected for 2018, providing favorable opportunities for tax-efficient wealth transfers. A major goal for many of ...

SalonRemoving the estate tax means keeping dynasties of wealthSalonWhite House National Economic Council director Gary Cohn, former president of Goldman Sachs, said recently that “only morons pay the estate tax.” I'm reminded of Donald Trump's comment that he didn't pay federal income taxes because he was “smart.

U.S. News & World ReportLimos, Not TractorsU.S. News & World ReportBack in 2000, estate tax repeal proponents pulled a similar stunt to make family farmers the icons of their repeal campaign, even delivering a repeal bill to President Clinton on a tractor. The president of the National Cattlemen's Beef Association at ...A Windfall for Wealthy HeirsCenter For American Progress

Only Fools Pay Estate Tax?New York Times“Only morons pay the estate tax,” Mr. Cohn is quoted as having told a group of Senate Democrats this year. If this reflects Mr. Cohn's sentiment and that of the Trump administration in general, what message does it send to the public? That such ...